Richemont's announcement to divest Baume & Mercier to Italy's Damiani Group represents far more than a routine portfolio adjustment.

On January 30th, 2026, Hermès International announced its latest regional expansion - a new leather goods workshop in Les Andelys, Normandy, ultimately creating 260 artisan positions.

Richemont isn't just making headlines with its family-spirited approach and commitment to craftsmanship. It leads the luxury sector.